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NFT Marketplace Opens Korea’s Multi-Billion Gaming Ind...
NEWS

NFT Marketplace Opens Korea’s Multi-Billion Gaming Industry to Crypto

A Korean blockchain game company has launched a native NFT marketplace for Korea’s multi-billion dollar game sector. Announced on June 8, the new platform, ‘PlayDapp MarketPLAce,’ adv
ertises itself as providing free support for coin-to-coin trading between NFT-based in-game items.

 

Koh Kwang-Wook, a founding member and former CTO of Item Bay, an early online brokerage platform for in-game items, led the development of PlayDapp’s marketplace.

 

At launch, the platform supports items from Ethereum-powered collecting games CryptoDozer and DozerBird and over the past 24 hours, the games have attracted 201 users and 30 users respectively.

 

CryptoDozer has generated $610 worth of trade over 2,132 weekly transactions, while DozerBird represented less than $12 in volume over 277 transactions.

 

Korea’s game industry is the fourth-largest globally, representing 14.3 million KRW ($12.1 billion) in 2018. Korea’s gaming sector has grown at an average annual rate of more than seven percent over the past decade.

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